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Ch4 News Black hole in public pensions
donaldtramp
Posts: 761 Forumite
Local authorities' investments leave a deficit in workers' pensions.
Money invested everywhere from hedge funds to Iceland has left a vast black hole in workers' pensions, that tax payers will have to fill.
Cleaners, bin men and care workers, as many as three and a half million people, have entrusted their pensions to the Local Government Pension Scheme.
But Channel 4 News has discovered worrying evidence about how these schemes are run by individual councils and the extent to which they are in the red.
You can watch how your tax is being misspent on this clip......
http://www.channel4.com/news/articles/business_money/black+hole+in+workers+pensions/3021162
Ch4 News now. Taxpayers are getting sick of this.
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Comments
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Is this the black hole in a black hole in another thread, or another black hole altogether. Either way mewbie will certainly have something to say about hyperbole here,I think.
So many black holes....how I've not fallen into one I don't know!0 -
The threads are morphing into a worm hole. Happens sometimes. Best to reboot or visit DFW for a while.0
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The threads are morphing into a worm hole. Happens sometimes. Best to reboot or visit DFW for a while.
DWF? I am debt free....where the dicken's would I fit in there
? Hey, if I am DF does that make me some sort of deity in there....all give praise to mighty lir??? I might pop over and see, I could do with my mood lifting :rotfl: 0 -
I imagine the respect is granted to those with the biggest debt, who stride like collosusses (yeah I know it's spelt wrong) among the poor.0
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Who cares how much of tax they are wasting, you idiots voted them in.:rotfl:0
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Callouses?0
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You wimped out, they'll tear you to bits in there.lostinrates wrote: »Oh...that sucks. I was considering going into colossal debt today...does that count?0 -
Oh dear, I'm feeling worse.
I have no pension, let alone one of Britain shattering public proportions (joke civil servants, joke), I failed to get into debt and I'm not even likely to get a mood lift form the DFW board. Today is a bit of a poop.
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donaldtramp wrote: »You can watch how your tax is being misspent on this clip......
http://www.channel4.com/news/articles/business_money/black+hole+in+workers+pensions/3021162
Ch4 News now. Taxpayers are getting sick of this.
It must be irony day at C4, I wonder how much in deficit Channel 4's taxpayer-backed final salary pension scheme is...Hurrah, now I have more thankings than postings, cheers everyone!0
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